The Albanese Government’s recognition of housing supply and affordability as one of the greatest challenges confronting the nation has re-energised the debate around delivering the housing that Australia needs.
In recent days, we have seen both sides of NSW politics committing to a focus on housing supply and reform of the NSW planning system. This has been a long time coming – but now it appears that everyone agrees that there needs to be greater State Government leadership in major rezoning assessments if we are to put a dent in the shortage in housing supply.
At the national level, the Housing Accord, whilst still being finalised, has served as a clarion call for action.
The Federal Treasurer, Dr Jim Chalmers, recently convened the first roundtable which brought together the CEOs of the banks, super funds to look at ways of boosting private investment in the housing sector.
The signs to date are positive – we saw HESTA, the super fund representing health workers, commit $240 million to affordable housing, then followed by Cbus’s announcement after the Treasurer’s roundtable that it would commit $500 million towards social and affordable housing.
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